Parametric Tech. earns, rev. top expectations

NEW YORK (MarketWatch) - Parametric Technology
pmtc
reported fiscal fourth-quarter earnings of $17.3 million, or 6 cents a share, down from $42 million, or 15 cents a share in the same period a year ago. Excluding non-recurring items, earnings would have been 9 cents a share, topping the average analyst estimate compiled by Thomson First Call of 8 cents a share. Revenue rose 15% to $195.1 million from last year's $170.1 million, vs. analyst projections of $192.5 million, amid a 17% increase in license revenue and 14% growth in service revenue. Separately, the company said it discovered irregularities in certain sales orders from fiscal 2001 to 2003. The company doesn't believe the orders are material to results for those years, and expects its investigation to be completed in time for the filing of its annual report. The content management software company's stock closed Tuesday down 5 cents at $6.46.

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